Oil Price
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Six reasons to purchase oil at IRENEX
TEHRAN, Apr. 23 (MNA) – There are several advantages for purchasing oil from Iran Energy Exchange (IRENEX) including the lower prices, smaller cargoes, easy conditions for participating the market, clearing the payments in rial and exporting the purchased cargoes to all over the world.
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Supply concerns drive oil prices to highest level since Nov. 2018
TEHRAN, Apr. 22 (MNA) – Oil prices rallied by more than 2% on Monday to levels not seen since November 2018 following the market's growing concerns that the US may not renew the sanction waivers on Iranian oil, which will end early May.
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Iranian heavy crude oil price grows $5.10 per barrel in Feb.: OPEC
TEHRAN, Apr. 14 (MNA) – According to OPEC’s latest monthly report, Iranian heavy oil price increased $5.10 per barrel in February, 2019, reaching $61.29.
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Oil prices rise to $51 after reaching its lowest since June 2017
TEHRAN, Dec. 26 (MNA) – Oil rose to $51 a barrel on Wednesday on perceptions that a price slide to 2017 lows prompted by economic worries had been overdone amid an OPEC-led effort to tighten supply.
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OPEC proved it can reach agreement despite splits: Zanganeh
TEHRAN, Dec. 16 (MNA) – OPEC members have shown that they can reach agreements regarding oil production despite having intense political and even military disputes, said Iranian Oil Minister Bijan Zanganeh on Saturday.
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Trump's Iran sanctions aren't working as planned: report
TEHRAN, Nov. 18 (MNA) – The Trump administration's strategy of maximum pressure on Iran hasn't achieved its intended impact, said a report on Saturday.
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0.7mb of crude oil traded at IRENEX
TEHRAN, Nov. 11 (MNA) – A total of 700,000 barrels of crude oil was traded at the Iran Energy Exchange (IRENEX) during the Sunday session of the market.
